Globalfoundries eyeing IBM’s chip-making business

June 12, 2014 2:04 am

Mubadala Technology is nearing a deal to acquire IBM Corp’s chip-making business, Bloomberg has reported, citing people familiar with the matter. Globalfoundries Inc., a unit of Abu Dhabi’s Mubadala Technology, is primarily interested in acquiring IBM’s engineers and intellectual property rather than manufacturing facilities, which have little value as they are more than a decade old, said the people. The firm, which has its own plant in New York State and a technology joint development project with IBM, will act as a supplier for IBM’s microprocessors, the people said.

2018 Mediaquest Corp. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without written permission from Mediaquest Corp. is prohibited.